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Calculate nopat and invested capital

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Davenport Mills is a division of Iowa Woolen Products. For the most recent year, Davenport had net income of 20,000,000. Included in income was interest expense of 1,400,000. The operation's tax rate is 40 percent. Total assets of Davenport Mills are $235,000,000, current liabilities are $52,000,000, and $36,000,000 of the current liabilities are non-interest bearing.

Question 1: Calculate NOPAT, invested capital, and ROI for Davenport Mills

Reference no: EM132577537

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